As Hambantota International Port (HIP) gears up to enhance its container operations with the introduction of advanced crane technology in early February 2025, Wilson Qu, CEO of Hambantota International Port Group (HIPG), emphasized the port’s commitment to exploring untapped markets to expand its portfolio. This strategic initiative aims to significantly boost container volumes and solidify Sri Lanka’s position as a competitive force in global maritime trade. To achieve this, the port is implementing a comprehensive seaside and landside strategy designed to position HIP’s container division strategically for future growth.
The port’s landside strategy is progressing actively to attract investors to its industrial zone. Recently, an agreement was signed to establish a sponge-mattress factory within the zone. This business, targeting export markets in the USA, Europe, and Canada, marks a significant milestone as the first agreement finalised since the port launched container operations. Currently, the port is handling an increasing number of inquiries and anticipates finalising several additional agreements in 2025. The industrial zone is poised to create substantial employment opportunities while fostering a collaborative environment where Sri Lankan entrepreneurs can either partner with international companies or invest independently to meet rising international demand.